$1,549,000

Estimated payment $10,030/month

Total Views 727
4 Beds
3 Baths
1,886 Sq Ft
$821 Price per Sq Ft

Highlights

  • Partially Fenced Property
  • 1-Story Property
  • 3-minute walk to Kensington Mini Park
  • Lewis Middle School Rated A-

About This Home

Charming Kensington Duplex – Two Homes on One Lot Located on one of Kensington’s most picturesque, tree-lined streets, this rare 2-on-1 duplex offers exceptional opportunity in one of San Diego’s most sought-after neighborhoods. Situated on Kensington Drive, this property features two separately metered detached homes, each with private garages and separate laundry areas. The front home is a classic 2 bed, 1 bath Spanish Revival gem with 1,022 sq ft of character-rich living space. It includes a 1-car garage with laundry hookups and was previously rented for $3,392/month. Tucked away at the rear of the lot is a second detached residence above the garage, offering 2 beds, 2 baths, 864 sq ft, its own front deck, a dedicated laundry room, and a 2-car garage. This unit is currently leased to a long-term tenant at $2,292/month. In addition to the 2-car garage, there are two more single-car garages offering even more flexibility. With alley access and potential to create a third income-producing unit, this is an incredible investment opportunity in an A+ location—ideal for owner-occupants, investors, or multigenerational living. Walk to shops, cafes, and everything vibrant Kensington has to offer.

Listing Agent

Nick Atkin

Atkin Homes Corp. License #01880701 Listed on: 08/06/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,838 Sq Ft Lot
  • Partially Fenced Property

Parking

  • Alley Access

Home Design

  • Rolled or Hot Mop Roof
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 440-551-04-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Kensington Community

Building Details

  • Net Operating Income $23,054

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Alder Dr
  • Neighborhood: Kensington
  • LP / Sq Ft: 22.13
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1926
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition, Rolled/Hot Mop

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Kensington
  • Community: SAN DIEGO

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 440-551-04-00
  • Estimated Lot Sq Ft: 5838
  • Estimated Number of Acres: 0.13
  • Map Code Column: G
  • Map Code Page: 1269
  • Map Code Row: 3

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 23054
  • Annual Expense Actual: 4450
  • Annual Expense Projected: 5000
  • Gross Rent Multiplier Actual: 56.35
  • Gross Rent Multiplier Projected: 20.66
  • Gross Sched Income Actual: 27504
  • Gross Sched Income Projected: 75000
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1
  • Other Income Actual: 3000
  • Other Income Projected: 6000.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 For Sale $1,549,000 -- $821 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250035489

San Diego MLS